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Old October 15th, 2009, 11:52 AM   #1
Ras Siyan
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BERBERA | Berbera Port | €500million | Proposed

Bollore Africa Logistics is to invest €500 in Berbera
Wed Oct 14, 2009 11:43 pm

ADDIS ABABA - French company Bollore Africa Logistics is to invest €500-million in the Somali port of Berbera, a crucial lifeline for landlocked Ethiopia, a diplomat said Wednesday.

Berbera, less than 300 kilometres east of the former French colony of Djibouti, faces Yemen on the Gulf of Aden and is the economic capital of Somaliland, a breakaway state more stable than the rest of Somalia.

"Bollore is about to invest €500-million in Berbera port to improve the port and create a new corridor to the hinterland.

Ethiopia is very excited about that," a French diplomat based in Addis Ababa said.

"The project is not completely finalised, but Bollore has a huge presence in West Africa and is interested in East Africa," the diplomat said on condition of anonymity.

The company is part of a group owned by Vincent Bollore, a leader in West Africa's ports sector and close friend of French President Nicolas Sarkozy.

Somalia has the longest coastline on the continent and forms the "horn" of Africa, which juts out into the Indian Ocean and Gulf of Aden and commands access to some of the world's busiest maritime trade routes.

Ethiopia has had good relations with the self-proclaimed government of Somaliland and is heavily reliant on the port of Berbera for supplies.

The Bollore group confirmed to AFP in Paris it was interested in the project but did not elaborate further.

"We have not made an offer yet and no amount has been agreed," a spokesperson said.
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Old October 15th, 2009, 11:53 AM   #2
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Bolloré voudrait investir 500M en Somalie

Bolloré voudrait investir 500M en Somalie
AFP
14/10/2009 | Mise à jour : 13:05 | Commentaires 3 | Ajouter à ma sélection
Le groupe français Bolloré envisage d'investir 500 millions d'euros dans le port somalien de Berbera (nord) afin de créer un nouveau corridor d'approvisionnement pour l'Ethiopie, a-t-on appris aujourd'hui de source diplomatique française.

Berbera est le principal port de la province semi-autonome du Somaliland (nord de la Somalie), situé à 1.090 km d'Addis Abeba, la capitale éthiopienne. Pour l'instant, l'Ethiopie, pays enclavé depuis l'indépendance de l'Erythrée en 1992, dépend essentiellement du port de Djibouti pour ses approvisionnements et ses exportations, ce qui créé des problèmes d'engorgement au niveau du port comme de la route entre les deux pays.
Comparé à la partie sud de la Somalie, le Somaliland jouit d'une relative stabilité en dépit de tensions politiques liées aux multiples reports de l'élection présidentielle.

"Nous sommes maintenant à la phase finale, mais ce n'est pas encore signé", a précisé cette source, soulignant que "la principale faiblesse du projet pour l'instant, c'est le mauvais état de la route qui relie Berbera à l'Ethiopie, qui doit être réparée".
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Old October 15th, 2009, 11:56 AM   #3
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Finally, some foreign investment in Somalia, the country needed it. The self-proclaimed Republic of Somaliland is relatively stable, along with Puntland compared to southern-Somalia.
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Old October 16th, 2009, 07:40 AM   #4
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Nice find.

I really hope the best will come out of this, its nice seeing some FDI flowing into Somaliland. IMHO, I think Somalia will prosper much faster if it were to continue being split up into three, and when everyone is done with their fighting, then they should re-consolidate.
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Old November 22nd, 2009, 02:43 PM   #5
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Quote:
Originally Posted by Ras Siyan View Post
Finally, some foreign investment in Somalia, the country needed it. The self-proclaimed Republic of Somaliland is relatively stable, along with Puntland compared to southern-Somalia.
Somalia??????

Somailand is a independent country!!!
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Old November 23rd, 2009, 05:04 PM   #6
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Quote:
Originally Posted by Kwame View Post
Nice find.

I really hope the best will come out of this, its nice seeing some FDI flowing into Somaliland. IMHO, I think Somalia will prosper much faster if it were to continue being split up into three, and when everyone is done with their fighting, then they should re-consolidate.
That's what I believe too.

This is good news for Ethiopia and Somaliland. Not too good for Djibouti if other ports Ethiopia can use are being developed.
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Old December 2nd, 2009, 10:17 AM   #7
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That's what I believe too.

This is good news for Ethiopia and Somaliland. Not too good for Djibouti if other ports Ethiopia can use are being developed.
This wouldn't be that good for Djibouti as this would be competition. But then it's gonna take time and when the port is built, a road, railroad all the necessary infrastructure has to be there too. That's gonna take time.
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Old December 4th, 2009, 07:45 PM   #8
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Quote:
Originally Posted by Kwame View Post
IMHO, I think Somalia will prosper much faster if it were to continue being split up into three, and when everyone is done with their fighting, then they should re-consolidate.
Ultimately, it's up to the people to decide, but if it were to happen, it would be cut into two not three.

Puntland isn't trying to secede, but it wants to be a autonomous state within a theoretical federal Somalia.

Anyway, great news. I went to Berbera a few years ago and wasn't impressed whatsoever with it's port, so this investment is rightfully needed. This news added with the repeal of the ban of livestock by the Saudis is very very good. Think that MAJOR infrastructural investment would need to be done for Ethiopia to actually benefit heavily from it however since connections to it are very tenuous.
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Old December 14th, 2009, 03:33 PM   #9
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It all goes back to Ethiopia.
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Old December 14th, 2009, 04:14 PM   #10
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Perhaps Ethiopia will see a potential benefit, although as said earlier, tremendous infrastructural improvements would have to made for them to actually benefit from it. All you have at the moment is dirt roads connecting Hargeisa to Berbera let alone to Ethiopia, and there isn't even a rail connection.

Short term benefit for this project goes to the domestic livestock trade, which is the main cash earnings for Somaliland, and that will stand to benefit even further by the repeal of the ban.
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Old December 16th, 2009, 11:26 AM   #11
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This is devastating news for Djibouti
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Old December 22nd, 2009, 11:40 AM   #12
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Originally Posted by kitayabi View Post
This is devastating news for Djibouti
Not really. Again if they build a port there, it won't be serious competition to Djibouti until a railroad, a road in a good shape (which is not the case now) are built. It is going to take time to be a serious competitor to Djibouti which has 2 international ports (the region's best) a road and railroad linking Djibouti to Addis Abeba.
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Old December 22nd, 2009, 05:22 PM   #13
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Quote:
Originally Posted by Ras Siyan View Post
Not really. Again if they build a port there, it won't be serious competition to Djibouti until a railroad, a road in a good shape (which is not the case now) are built. It is going to take time to be a serious competitor to Djibouti which has 2 international ports (the region's best) a road and railroad linking Djibouti to Addis Abeba.
off course not over night, but if Somalia stabilises and becomes a viable port then Ethiopia can force Djibouti in to forcing down its prices.
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Old January 14th, 2010, 02:18 AM   #14
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I don't think this project is happaned.
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Old January 14th, 2010, 02:57 PM   #15
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Bolloré May Sign $700 Million Port Agreement With Somaliland


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By Jason McLure

Dec. 23 (Bloomberg) -- Bolloré Africa Logistics, a unit of Bollore SA, may sign an agreement to manage the port of Berbera and oversee $700 million of upgrades to the facility in Somalia’s breakaway northern Somaliland region, Abdillahi Duale, the foreign minister, said.

“Our discussions are already in an advanced stage,” Duale said today in an interview in the Ethiopian capital, Addis Ababa. “We have already made a basic agreement.”

Representatives of Bolloré, an investment company controlled by French billionaire Vincent Bollore, have met with Ethiopian Prime Minister Meles Zenawi and Somaliland President Dahir Riyale to discuss the agreement which will probably be signed next year, he said. Berbera port handles food aid and other cargo bound for landlocked Ethiopia.

http://www.bloomberg.com/apps/news?p...d=aepiGpODItOw
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Old January 15th, 2010, 12:41 AM   #16
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$700 million would do a lot. I don't think anyone else has ever been there, it really needs the upgrade.
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